Accra, Feb. 13, – The Licensed Cocoa Buyers Association of Ghana (LCOBA) has welcomed the government's revised cocoa producer price of GH¢2,587 per 64kg bag (GH¢41,392/tonne), effective February 12, 2026.
General Secretary Mr. Vitus Dzah described the 90% net FOB share (from US$4,200/tonne) as a pragmatic market alignment ensuring sector survival.
Key Benefits Highlighted
Liquidity relief for Licensed Buying Companies (LBCs)
Stable fund flow: COCOBOD → LBCs → farmers
Ends payment delays amid global price fluctuations
Regional transparency standard
"When prices align with market reality, it allows smoother operations without delays," Mr. Dzah told GNA, expressing optimism for domestic financing reforms.
LCOBA committed to immediate rollout across buying centres despite inevitable global volatility.
GHBUSS
13 Feb. 2026
No comments:
Post a Comment